HBO subscribers grow to nearly 77 million, United Airlines stock rises on earnings

Yahoo Finance’s Jared Blikre breaks down trending stock tickers in midday trading.

Video transcript

AKIKO FUJITA: Netflix falling for a second day after being rocked by a subscriber loss. It's not all doom and gloom for the streaming sector, though. Yahoo Finance's Jared Blikre here to explain. Jared.

JARED BLIKRE: That's right. Well, we got AT&T earnings, and guess what? They don't own Warner Brothers Media, whatever it's called, anymore, but they did in the reporting quarter. First, let's take a look at Netflix. That was kind of the story of the week, or at least, one of them. We can see down almost 40% over five days, lost over $50 billion, not only in the current quarter, but also the last quarter in the single day after their earnings.

Now, AT&T having a little bit of a better time here. And breaking out some of those HBO numbers, HBO Max and HBO subscribers, those were 76.8 million and up 12.8 million year over year. HBO Max and HBO domestic subscribers, those were up 48.6 million, up 4.4 million year over year. So pretty interesting to see that play out.

Now, we're also taking a look at the travel sector. We have United-- excuse me. We have United earnings. You can see that stock is up 12% today, up about 16% over the last few days. Concerns about some of their margins. Gulf Coast fuel-- and this is coming from Bloomberg Intelligence. Gulf Coast jet fuel averaging $3.63 a gallon since the start of the second quarter. This equates to an 8.4% operating margin in our model.

Now, it only averaged $2.89 in the first quarter, while United paid $2.88. So, jet fuel-- excuse me, jet fuel could be eating their margins. Also, taking a look at American Airlines, they say demand for domestic travel has steadily improved. Sees total revenue for the second quarter to be 6% to 8% higher than the second quarter of 2019. Guys.